Burns Advisory Group and Executive Financial Group announced they will join forces to create a wealth management firm with more than $600 million in client assets.
Company officials said the newly combined company will provide their now shared clients with “complementary skill sets” to serve high-net-worth investors and senior executives and their families in the South Central U.S. region.
As a condition of the merger, Jerry Georgopoulos, founder of Dallas-based Executive Financial, will become a full partner in Burns Advisory Group and, likewise, John Burns, founder of Oklahoma City-based Burns Advisory Group, will acquire an equal share in Executive Financial Group.
Company officials said the firms will continue to function under the missions that governed their work prior to this transition, with the same professional teams remaining in their roles at their respective locations.
Our partnership with Jerry Georgopoulos and Executive Financial Group will enable us to further differentiate our services from the competition,” Burns said in a statement. “Together we will build on our current offerings to reinforce the benefits of working with a team of independent unbiased professionals.”
Burns Advisory Group is a private wealth management firm dedicated to providing comprehensive investment management and financial planning services to high net-worth individuals. The firm also has an established consulting practice in which it serves as a fiduciary advisor to institutional level clients and corporate and municipal retirement plans.
Executive Financial Group specializes in providing fee only, objective financial planning counsel to senior corporate executives and their families.
“John’s team demonstrates a unique passion and appreciation for their client relationships,” Georgopoulos added. “We share a likeminded approach to providing clients with specialized advisory services, which is a model that will continue to attract new clients.”